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DGX

Quest Diagnostics

$107.33

-1.085 (-1.00%)

, MCK

McKesson

$162.14

-1.25 (-0.77%)

16:04
06/12/17
06/12
16:04
06/12/17
16:04

Quest Diagnostics to acquire two laboratory businesses in Lewisville, Texas

Quest Diagnostics (DGX) announced that it has signed definitive agreements to acquire two laboratory businesses in Lewisville, Texas, with the aim to establish a center of excellence providing diagnostic services to aid the detection and management of cancer for oncologists and patients nationwide. The two businesses, Med Fusion and Clear Point, together provide a full range of diagnostic services to physicians and provider networks. Baylor Scott & White Health, the largest not-for-profit health care system in the state of Texas; The US Oncology Network, supported by McKesson Specialty Health, a division of McKesson (MCK); Texas Oncology; and Pathologists Bio-Medical Laboratories are co-owners of one or both businesses.

DGX

Quest Diagnostics

$107.33

-1.085 (-1.00%)

MCK

McKesson

$162.14

-1.25 (-0.77%)

  • 13

    Jun

  • 15

    Jun

DGX Quest Diagnostics
$107.33

-1.085 (-1.00%)

05/12/17
05/12/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Orion Engineered (OEC) initiated with a Neutral at Goldman Sachs. 2. National Grid (NGG) reinstated with an Equal Weight at Barclays. 3. SAGE Therapeutics (SAGE) initiated with a Buy at BofA/Merrill. 4. Quest Diagnostics (DGX) initiated with a Hold at Argus. 5. First Foundation (FFWM) initiated with a Neutral at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/12/17
CHLM
05/12/17
NO CHANGE
Target $106
CHLM
Hold
Quest Diagnostics price target raised to $106 from $86 at Craig-Hallum
Craig-Hallum analyst Kevin Ellich raised his price target for Quest Diagnostics to $106 from $86 reflecting a higher target multiple given the stability of the business. The analyst has an improved outlook for Quest based on solid Q1 results and strong free cash flow generation, however he thinks this is already priced into its valuation. Ellich reiterates a Hold rating on the shares.
05/12/17
ARGS
05/12/17
INITIATION
ARGS
Hold
Quest Diagnostics initiated with a Hold at Argus
04/24/17
ADAM
04/24/17
NO CHANGE
Target $115
ADAM
Buy
Quest Diagnostics delivered one of finest quarters in years, says Canaccord
Canaccord analyst Mark Massaro said Quest Diagnostics delivered one of its finest quarters in roughly 4 years. He believes upside levers exist, including improving volumes, new PLS lab service wins, share buybacks, and taxes. Massaro reiterated his Buy rating and raised his price target to $115 from $102 on Quest Diagnostics shares.
MCK McKesson
$162.14

-1.25 (-0.77%)

05/24/17
MSCO
05/24/17
NO CHANGE
Target $179
MSCO
Overweight
McKesson price target raised to $179 on earnings acceleration at Morgan Stanley
Morgan Stanley analyst Ricky Goldwasser raised McKesson's price target to $179 from $164 saying 2018 guidance sets a path for earnings acceleration over the next 18 months supported by improved sourcing, easing comps, and acquisitions. Shares of McKesson are Overweight rated.
05/23/17
05/23/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McKesson (MCK) upgraded to Overweight from Neutral at JPMorgan with analyst Lisa Gill saying she believes additional value should be unlocked from the Change transaction and that the valuation discount versus peers is unwarranted. 2. Aegion (AEGN) upgraded to Buy from Hold at Craig-Hallum with analyst Eric Stine saying the recent pullback provides an attractive opportunity to own a "high-quality company" with positive trends across much of its business. 3. Wingstop (WING) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Karen Holthouse saying there is upside to her $36 price target. Holthouse believes Wingstop is well positioned for digital ordering and off-premise tailwinds and expects an acceleration in same-store-sales driven by national advertising momentum. 4. Parexel (PRXL) upgraded to Neutral from Sell at Goldman Sachs with analyst Robert Jones citing reduced consensus expectations and industry consolidation. 5. On Deck Capital (ONDK) upgraded to Outperform from Market Perform at FBR Capital with analyst Bob Ramsey saying he believes the company's path to profitability creates "significant" upside for the shares over the next 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/23/17
JPMS
05/23/17
UPGRADE
Target $189
JPMS
Overweight
McKesson upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Lisa Gill upgraded McKesson to Overweight and raised her price target for the shares to $189 from $167. The analyst believes additional value should be unlocked from the Change transaction and that the valuation discount versus peers is unwarranted.
05/19/17
LEHM
05/19/17
NO CHANGE
Target $174
LEHM
Overweight
McKesson Q4, outlook validate Overweight thesis, says Barclays
Barclays analyst Eric Percher believes McKesson's Q4 results and FY18 outlook commentary validate his thesis that independent channel pricing pressures largely reset by the end of 2016 and distributor volume began to rebound. The analyst notes that when adjusting for certain items, the FY18 adjusted earnings outlook of $11.75-$12.45 modestly beat his estimate. Percher sees catalysts for multiple expansion and reiterates an Overweight rating on McKesson with a $174 price target.

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